US dollar most circulated currency worldwide
KUWAIT CITY, Dec 24: Recent report of the web application Listography indicates the American dollar is not the most valuable currency although widely circulated, reports Al-Anba daily.
Report added the Kuwaiti Dinar is the most valuable currency worldwide while other Arab currencies also made it to the top 10 valuable currencies, including the Bahraini Dinar, Omani Riyal and Jordanian Dinar.
The top 10 valuable currencies for 2018 depend on factors such as the performance of the US dollar, because 64 percent of foreign exchange transactions are done by the US dollar followed by Euro (19.7 percent).
The value of Kuwaiti Dinar — first issued in 1961, is 3.30 dollars. It is considered the most valuable currency due to its stable value, as it’s not subjected to supply and demand. Kuwait ended the link between its Dinar and the US dollar since 2007 and connected the currency with the value of a package of currencies.
Bahraini Dinar ranked second with $2.65 while Omani riyal, first issued in 1970, came third with $2.59. It is noteworthy of note Bahrain allows its citizens to conduct transactions with the Saudi riyal.
Report stated the Jordanian Dinar claiming fourth place with $1.41 was first issued in 1950 to replace the Palestinian Pound. The currency was connected to the International Monetary Fund (IMF) in 1995 and has since maintained its steadiness. Gibraltar pound came fifth with about $1,31845.
Gibraltar is an autonomous provenance belongs to England with a total land space of 6.7 kilometers and residents of about 30,000. Although the economy of Gibraltar is too small (about $1,887 billion) the currency is a strong one. Sterling Pound came in the 6th place with $1, 31806. It is the currency of UK and other 9 relevant provinces. Sterling is the oldest currency that still being used till now.
It is the 4th most circulated currency after the American dollar, Euro and Chinese yin. Sterling is affected by the supply and demand and it once went up to match five dollars but it later went back to reach $1,31. However it is one of the most stable currencies around the world. Cayman Islands dollar came in the 7th place with $1, 21. Cayman Islands are British Overseas Territory Province. The currency was first issued in 1972 to replace the Jamaican dollar.
Euro came in the 8th place and it is circulated in 18 countries out of 24 countries of the European Union by 338.6 million individuals in their daily transactions in the Euro Area. 227 million others use currencies linked to the Euro around the world. Euro is the second most circulated currency in the world after the American dollar and it was first launched in Spain 1995 and 4 year later it was entered to the international financial markets. Swiss Franc came in the 9th place equaling one dollar.
American dollar is being used in America since 1785 and it is used officially in 11 countries while 43 countries use it not officially. Canadian dollar came in the 10 place equaling $0.789 and it was first issued in 1858 and it contains 100 cents.
KUWAIT CITY, Dec 11: Vehicle Seizure Department in Farwaniya Governorate received a large number of visitors whose vehicles were impounded within the first few days of implementing the new traffic decision, but officers swiftly completed procedures to ease congestion by releasing over 500 vehicles after their owners settled all fines, reports Al-Qabas daily.
The daily quoting a source added the officers were well organized in discharging their duties to the point that no major problem was recorded. Visitors were seen entering and exiting the premises, while the staff guided them to concerned units to process their documents— a method which contributed to reduce pressure and saved time and effort, and also enabled a large number of visitors to accomplish transactions within a record time.
The source noted the traffic campaigns intensified after implementation of Article 169 of traffic law, which prohibits parking or waiting at places specialized for pedestrians and pavements— in addition to Article 207 that bars using the hand to make phone call while driving.
The same article requires motorists and passengers in the front seat to wear seatbelt and crash helmets for bikers. It also empowers traffic officers to impound vehicles and motorbikes for a maximum of two months, the source said.
KUWAIT CITY, Dec 11: Director of Fatwa and Legislation Department Advisor Salah Al-Mesad said the sector has completed procedures to replace expatriates with Kuwaitis in administrative positions. He requested Civil Service Commission (CSC) to nominate Kuwaitis for employment in three disciplines, reports Al-Qabas daily.
In a letter, Al-Mesad stated the decision concerning full implementation of Kuwaitization policy is unprecedented within government departments.
He recommended the commission to nominate bachelor degree holders in statistics and diploma holders in law to work in the department. He noted their appointment will boost efforts of the staff in discharging their duties.
He emphasized the essence of statistics in analyzing data to arrive at conclusions and interpretations, and assist in obtaining accurate statistical information. He indicated the department requires no less than 10 university graduates to deal with statistical work.
Meanwhile, Board Chairman of Health Assurance Hospitals Company (Dhaman) Mutlaq Al-Sanea revealed that Daman Health Project is a public-private partnership model, reports Al-Anba daily.
“Dhaman aims to establish an integrated healthcare system to become more sustainable within the publicprivate partnership framework,” Al-Sanea explained in a press statement. Al-Sanea stressed the need to improve health services by developing the indicators of health care to reach the level of excellence on par with international standards, especially those of the World Health Organization (WHO).
He confirmed hundred percent attendance in the extraordinary general assembly held last Thursday, which approved the proposed medical examinations for expatriates in and outside the country to complement the health care system that the company is working on in a bid to integrate all stages of health care for beneficiaries.
Source: Arab Times
KUWAIT CITY - Regional powerhouse Saudi Arabia snubbed its former ally Qatar at the annual summit Tuesday of Gulf monarchies as King Salman stayed away despite the presence of the Qatari emir.
The future of the six-nation GCC - formed 36 years ago to bring together energy-rich Gulf Arab states - appeared to be hanging in the balance.
This year's meeting comes with Saudi Arabia and its allies engaged in a bitter dispute with fellow GCC member Qatar , in the worst crisis ever to hit the bloc.
Qatari Emir Sheikh Tamim bin Hamad Al-Thani accepted an invitation to attend, but just hours before the talks were due to begin, Saudi King Salman sent his foreign minister, Adel al-Jubeir, in his stead.
State television showed Kuwaiti Emir Sheikh Sabah al-Ahmad Al-Sabah receiving Jubeir at the airport as the head of the kingdom's delegation.
Bahrain sent its deputy premier and Emirati media said the state minister for foreign affairs would represent Abu Dhabi.
Those three Gulf states, together with Egypt, cut all ties with Qatar on June 5, accusing the gas-rich emirate of supporting Islamist extremists and of being too close to Iran, Riyadh's arch-rival.
Qatar denies the allegations and has accused the Saudi-led bloc of aiming to incite a change of regime in Doha.
Kuwait has been leading mediation efforts within the GCC to resolve the crisis, but so far with little success.
Casting further doubt on the group's future, the UAE said Tuesday it was forming a new military and economic committee with Saudi Arabia separate from the GCC.
The committee "will coordinate between the two countries in all military, political, economic, trade and cultural fields," according to a decree issued by UAE President Sheikh Khalifa bin Zayed Al-Nahyan.
Founded in 1981, the GCC is a political and economic union grouping Qatar with Bahrain, Saudi Arabia and the United Arab Emirates as well as Oman and Kuwait.
Dominated by Riyadh, it has been a regional counterweight to Iran.
On Monday, the foreign ministers of Saudi Arabia and Qatar attended round-table talks ahead of the gathering, in their first such encounter since the diplomatic crisis erupted in June.
Omani Minister of State for Foreign Affairs Yussef bin Alawi sat between them at the meeting which the foreign ministers of the UAE, Bahrain and Kuwait also attended.
After cutting off all ties with Qatar , Saudi Arabia and its allies imposed a land, sea and air blockade of the emirate and issued a list of 13 demands to have it lifted.
Bahrain in October called for Qatar 's membership of the GCC to be suspended until it accepted the demands.
Experts warn that the crisis could lead to the demise of the once-powerful GCC.
"The justifications for the existence of the GCC bloc amidst the continued crisis are no longer present like before," said Sami al-Faraj, head of the Kuwait Center for Strategic Studies.
"As long as our enemy has changed from Iran to Qatar , the GCC will not continue."
The failure of the GCC members to solidify long-delayed plans for economic unity may also threaten its future.
The Gulf states have approved a customs union, a common market, a single currency and a single central bank, but most of these have yet to be implemented.
Speaking at Monday's meeting, Kuwait's Foreign Minister Sheikh Sabah Khaled Al-Sabah stressed the determination of member states to preserve the GCC.
"The GCC is a continuous project in which the will of member states meets to build a unified Gulf body," he said.
Source: The Nation
Traffic authorities in Kuwait said they will remain committed to taking strong action against dangerous offences if the current drive to impound vehicles for some violations is found to be unconstitutional.
The authorities this month started impounding vehicles for months when drivers fail to wear seat belts, talk on hand-held cell phones while driving or park on pavements and no-parking zones.
However, traffic authorities said they would not back down from their drive to make Kuwait’s roads safer for everyone and to hold irresponsible drivers responsible.
“We will naturally respect the decision of the competent authorities if they find that the current decision to impound vehicles is illegal or unconstitutional,” traffic sources told Kuwaiti daily Al Rai. “However, we will not hesitate to proceed to issue any resolution or legislation to stop flagrant violations and dangerous offences on our roads, and will not allow any disregard for human life.”
The sources added the main objective of the decision to impound vehicles was to save lives and that the interior ministry would embrace any legal or constitutional move to protect people.
“The ministry has been listening to the views expressed by lawmakers and common citizens, both supporting and criticising the issue. What really matters is that people become used to respecting laws,” the sources said.
Despite strenuous efforts by traffic authorities to instill a better driving culture and bring down an infamous world ranking in accident averages, official figures indicate that the task remains formidable.
Traffic figures show that 917,447 accidents have occurred since 2012. There were 86,271 accidents in 2012; 89,527 in 2013; 99,047 in 2014; 77,961 in 2015; and 71,582 in 2016. The figure was 23,529 in the first four months of this year.
Deaths by accident in 2012 were at 454, going down to 445 in 2013, but increasing to 461 in 2014. In 2015, there were 429 deaths while the figure was 153 up to April 2017.
Jumping red lights, speeding and the use of mobiles topped the causes of the accidents that occurred in 2017.
Recklessness and lack of responsible behaviour were also cited among the major causes of road crashes.
According to the National Traffic Strategy, the money spent by Kuwait to deal with accidents represents around 6 per cent of its annual gross domestic product.
More than 25,000 Kuwaitis, mostly relatives of those involved in accidents, are affected every year, the strategy prepared by an international expert said.
KUWAIT CITY, Nov 25: The lawyer representing a cosmetic clinic has filed a complaint with the Hawally police accusing an American doctor working for the same clinic of betrayal of trust, reports Al-Anba daily. The daily added, according to the complainant the suspect treated some patients and the proceeds from the treatment he transferred to his account. The 67-year-old doctor is said to have admitted to the charge.
Woman sought: Police are looking for an unidentified young woman whose clip went viral in the social media, reports Al-Anba daily. The clip shows the woman dancing immodestly. However, a police source said although the clip shows a street scene, she is dancing inside a house not on a street.
Tackling downpours: Coinciding with the rainfall experienced in the country recently, Assistant Undersecretary for Sewage Engineering at Ministry of Public Works Engineer Abdul-Mohsen Al-Enezi affirmed the ministry has sent out emergency teams to work around the clock in all six governorates, reports Al- Jarida daily. Engineer Al-Enezi said the teams will be working on detecting and fixing problems that are likely to occur during the rainy season. He stated the ministry will join forces with concerned authorities in the governorates to ensure free fl ow of traffic on the roads, indicating the ministry will deal with obstacles on roads and tunnels during the rain.
Source: Arab Times
KUWAIT CITY, Nov 25: Police are looking for 10,000 people — Kuwaitis and expatriates — who are wanted to serve the court verdicts, reports Al-Qabas daily. This is in addition to 30,000 others who are wanted in connection with financial cases. The daily quoting security sources said security campaigns organized by the Ministry of Interior has helped arrest dozens of wanted people in addition to some ‘fugitives’.